From Surviving to Thriving: The Benefits of Digital Transformation
Discover the benefits of digital transformation for businesses, including enhanced operational efficiency, real-time insights, and a competitive advantage in today’s evolving market.
Category: Uncategorized
Financial red flags: a guide for nonprofit board members and directors
Protect your nonprofit organization from financial crises with these expert tips for board members and directors. Discover the warning signs of financial mismanagement and how to prevent them.
Hiring Your Child Can Help You Save Big in Taxes
Hiring your child for your business can lead to significant tax savings by shifting income, reducing taxes, and reducing FICA and FUTA obligations. However, it’s crucial to follow employment laws and withhold appropriate taxes. Learn more about the benefits and rules for hiring your child.
The Power of AI: Boosting Worker Productivity
Learn how Artificial Intelligence is transforming worker productivity and its impact on businesses and the labor market.
The Power of AI: Boosting Worker Productivity
Learn how Artificial Intelligence is transforming worker productivity and its impact on businesses and the labor market.
6 Misconceptions of a Revocable Living Trust
A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
Business Travel Expenses: Per Diem vs Actual Expenses
If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
Navigating trust taxation: strategies and insights
Trusts are an essential tool for estate planning, but their tax implications can be confusing. Understand the differences between revocable and irrevocable trusts, grantor and non-grantor trusts, and simple and complex non-grantor trusts to determine which trust is best for your unique financial situation and goals.
Residential energy credits: enhancing efficiency and saving on taxes
Looking to invest in energy-saving measures? Find out how the Inflation Reduction Act of 2022 has increased tax credits for energy-efficient home improvements and residential clean energy property. This article explains eligibility criteria and credit limitations to help taxpayers make informed decisions.
Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C
If you earn income as a freelancer, independent contractor, or from a side gig, you’ll likely do so as a sole proprietor or single-member LLC and report your income on a Schedule C. Learn more about these types of entities and the Schedule C in this article.